Silver futures soar Rs 203 on firm global cues

Silver prices rose by Rs 203 to Rs 37,820 per kg in futures trading today as participants widened their bets amid a firming trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month December was trading higher by Rs 203, or 0.54 per cent, at Rs 37,820 per kg, in a business turnover of 11 lots.
Likewise, the white metal for delivery in September rallied by Rs 165, or 0.45 per cent, to Rs 37,135 per kg in 834 lots.
Analysts said bets enlarged by speculators in tandem with a firming trend in precious metals overseas, influenced silver prices at futures trade.

Meanwhile, silver was up 0.36 per cent at USD 16.04 an ounce in Singapore.